Barrington Research Reiterates “Outperform” Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a note issued to investors on Monday, Benzinga reports. They currently have a $17.00 target price on the technology company’s stock. Barrington Research’s target price would indicate a potential upside of 130.04% from the stock’s current price.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $7.39 on Monday. The stock has a market cap of $190.37 million, a price-to-earnings ratio of -18.47, a PEG ratio of 0.73 and a beta of 0.72. Asure Software has a 12 month low of $6.30 and a 12 month high of $15.88. The company has a 50 day simple moving average of $8.23 and a two-hundred day simple moving average of $8.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $26.26 million for the quarter, compared to analyst estimates of $26.45 million. Asure Software had a negative net margin of 7.74% and a positive return on equity of 4.30%. As a group, analysts predict that Asure Software will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Asure Software

Large investors have recently bought and sold shares of the business. Private Capital Management LLC increased its holdings in Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock worth $37,357,000 after acquiring an additional 408,000 shares in the last quarter. Palogic Value Management L.P. acquired a new stake in shares of Asure Software in the fourth quarter worth approximately $717,000. S Squared Technology LLC raised its stake in Asure Software by 13.0% in the 4th quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock valued at $9,300,000 after purchasing an additional 112,479 shares during the last quarter. Aristides Capital LLC purchased a new position in Asure Software in the 4th quarter valued at $255,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Asure Software by 134.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock valued at $82,000 after purchasing an additional 4,976 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.